Antala Industries Ltd IPO

Antala Industries Limited is engaged in the manufacturing, processing, printing, laminating and supply of industrial and commercial packaging products. The company's product portfolio includes Biaxially Oriented Polypropylene (BOPP) bags, BOPP printing rolls, BOPP lamination rolls, polypropylene (PP) woven bags, and PP woven lamination rolls. The company supplies packaging products to industries such as food processing, fertilisers, chemicals, cement, construction, textiles, and seeds. Its products are available in different sizes, capacities, and specifications, with customisation options for printing, lamination, and finishing. The company operates a manufacturing facility in Rajkot, Gujarat, equipped with machinery for extrusion lamination, rotogravure printing, multicolour printing, cutting, stitching, and finishing. The facility supports various stages of production, from printing and lamination to the packaging of finished products. The company was originally established as a partnership firm under the name M/s Octagon Industries on April 30, 2021, and was subsequently converted into a public limited company under the name Antala Industries Limited on August 5, 2024. Use of proceeds: The IPO is a fresh issue of shares. The proceeds from the issue will be used for the following purposes: To meet working capital requirements - Rs 10.68 crore To meet the requirements of capital expenditure towards purchase of machinery -Rs 5.89 crore General corporate purposes;